"Any links to offers are scams. We are investigating the situation and taking action accordingly," wrote USDC issuer Circle.
According to an official post on Mar. 22 from Circle, issuer of the USD Coin (USDC) stablecoin, the Twitter account for its chief strategy officer (CSO) and head of global policy Dante Disparte has been compromised. In a previously deleted Tweet, Disparte's account reportedly began promoting fake loyalty rewards to long-time users of USDC.
@ddisparte Twitter account was hacked. https://t.co/pItTHAG9Al— Jeremy Allaire (@jerallaire) March 22, 2023
Previously before the compromise, Disparte's account tweeted about the firm's regulatory developments and its participation in the ongoing Paris Blockchain Week. The security breach came less than a month after the stablecoin briefly depegged due to deposits left on defunct American tech bank Silicon Valley Bank. The incident has since been resolved.
This is a developing story and will be updated accordingly.